For the past two school years I lived in a small town (30,000 people) in AndalucÃ­a, and Iâm currently living in a medium-sized town (50,000 people) in Extremadura. Though technically Extremadura isnât southern Spain, itâs only about an hour north of AndalucÃ­a and the cost of living is very similar. The average monthly cost of living in a piso is 250-300â¬. Thatâs the cost of the whole apartmentâ¦ not just for a room in a shared apartment.
What is an 'Equated Monthly Installment - EMI'. An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.
A Installment Land Contract is a type of agreement which the real estate buyer is required to make monthly payments towards the purchase price of the land or other real estate and when all paid off, when the last payment is made, the real estate seller delivers the deed, conveying full title to the buyer.